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Abstract
With the increased penetration of renewables, energy storage has become a critical issue in microgrid and small household applications. Accordingly, this paper undertakes a feasability study the varying limitations from conventional batteries in residential buildings, such as capacity-loss over time and aging, as well as the alternative application and challenges of hydrogen-based storage for the domestic sector. The paper considers a test case study where an analysis is performed on the practicality of hydrogen-based storage, in addition to lithium-ion battery storage. Various scenarios are considered based on solar installation sizes, self-consumption, battery capacity, autonomy rates and grid extraction. A detailed analysis is carried out on both thermal and electrical demands of a residential household, which also includes the energy performance and applications of heat pumps. While the obtained results from various scenarios are compared and analysed, these anticipate that the potential integration of hydrogen can improve the autonomy rate of residential buildings, The cost of hydrogen storage is expected to reduce significantly, opening opportunities for hydrogen application.

Abstract
This paper proposes a novel real option (RO)-based network investment assessment method to quantify the flexibility value of battery energy storage systems (BESS) in distribution network planning (DNP). It applied geometric Brownian motion (GBM) to simulate the long-term load growth uncertainty. Compared with commonly used stochastic models (e.g. normal probability model) that assume a constant variance, it reflects the fact that from the point of prediction, uncertainty would increase as time elapses. Hence, it avoids the bias of traditional net present value (NPV) frameworks towards lumpy investments that cannot provide strategic flexibility relative to more flexible alternatives. It is for the first time to adopt the option pricing method to evaluate the flexibility value of distribution network planning strategies. To optimize the planning scheme, this paper compares the static NPVs and flexibility values of different investment strategies. A 33-bus system is used to verify the effectiveness of the formulated model. Results indicate that flexibility values of BESS are of utmost importance to DNP under demand growth uncertainties. It provides an analytical tool to quantify the flexibility of planning measures and evaluate the well-timed investment of BESS, thus supporting network operators to facilitate flexibility services and hedge risks from the negative impact of long-term uncertainty.